Intraday Forex Trading | AUD/USD – FOMC Live Trading

New: Join our 2.5 hours live workshop with Spencer to learn the basics of trading and make your first live trade!

A nice breakout on the AUD/USD after the FOMC, combined with a bearish H&S on the H1 charts point to a large move down.

Audusd 220813



Banner 01 Trading Foundation Workshop New to Trading? Make your first live trade today in this workshop! Meet Spencer live for 2.5 hours of hands-on training! No prior experience required! Learn all the basics of trading, and step-by-step guidance to make your first trade!

Daily Trading Signals Banner Updated If you're looking for the best trading opportunities every day across various markets, and don't want to spend hours doing the research yourself, check out our private Telegram channel!
2 replies
  1. Spencer
    Spencer says:

    @ike before trailing the SL to BE, it is our practice to take half profits first. I got stopped out on my BE, and I shorted again later on the pullback.

    Although the price was slightly worse, this is prudent risk management to keep losses small. Sometimes a good trade will run for days, sometimes it comes right back and trigger your SL. They key is always to manage the risk.

    Reply

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *